According to Zacks, “Korea Electric Power Corporation generates and supplies electric power to its customers, both industrial and residential. The Korean government owns the majority of the company. “
Several other analysts have also recently commented on the company. Daiwa Capital Markets cut Korea Electric Power from a buy rating to a hold rating in a research report on Tuesday, May 7th. Nomura cut Korea Electric Power from a buy rating to a neutral rating in a research report on Thursday, June 6th. ValuEngine raised Korea Electric Power from a sell rating to a hold rating in a research report on Monday, May 13th. Finally, Morgan Stanley cut Korea Electric Power to an equal weight rating in a research report on Tuesday, May 14th. Six investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and a consensus target price of $18.00.
Shares of Korea Electric Power stock opened at $10.35 on Friday. The firm has a market capitalization of $13.76 billion, a PE ratio of -11.13, a PEG ratio of 16.49 and a beta of 0.30. The stock has a fifty day simple moving average of $11.06. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 0.78. Korea Electric Power has a 12 month low of $10.34 and a 12 month high of $15.78.
Korea Electric Power (NYSE:KEP) last issued its earnings results on Tuesday, June 11th. The utilities provider reported ($0.55) EPS for the quarter. The business had revenue of $13.72 billion during the quarter. Korea Electric Power had a negative return on equity of 2.45% and a negative net margin of 2.90%. As a group, research analysts anticipate that Korea Electric Power will post 0.13 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atria Investments LLC bought a new position in shares of Korea Electric Power in the second quarter worth about $251,000. BNP Paribas Arbitrage SA increased its stake in shares of Korea Electric Power by 171.9% in the first quarter. BNP Paribas Arbitrage SA now owns 2,825 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 1,786 shares during the period. Quantamental Technologies LLC increased its stake in shares of Korea Electric Power by 129.2% in the first quarter. Quantamental Technologies LLC now owns 5,500 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 3,100 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Korea Electric Power in the first quarter worth about $119,000. Finally, Stevens Capital Management LP bought a new position in shares of Korea Electric Power in the first quarter worth about $137,000. 3.94% of the stock is owned by hedge funds and other institutional investors.
Korea Electric Power Company Profile
Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.
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